Joe Manchin net worth 2023: Joseph Manchin III is an American politician serving as the senior United States Senator from West Virginia, a seat he has held since 2010. A member of the Democratic Party, he was the 34th governor of West Virginia from 2005 to 2010 and the 27th secretary of state of West Virginia from 2001 to 2005.
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Joe Manchin Net Worth
Keep reading to find more information Joe Manchin net worth.
Biography
Manchin was born in 1947 in Farmington, West Virginia, a small coal mining town, the second of five children of Mary O. and John Manchin. The name “Manchin” was derived from the Italian name “Mancini”. His father was of Italian descent and his maternal grandparents were Czechoslovak immigrants.
Manchin graduated from Farmington High School in 1965. He entered West Virginia University on a football scholarship in 1965, but an injury during practice ended his football career. Manchin graduated in 1970 with a degree in business administration and went to work for his family’s business.
Manchin is a member of the National Rifle Association and a licensed pilot.On August 5, 1967, he married Gayle Heather Conelly. Together they have three children: Heather, Joseph IV, and Brooke.
political career
Manchin was elected to the West Virginia House of Delegates in 1982 at age 35 and in 1986 was elected to the West Virginia Senate, where he served until 1996. He ran for governor in 1996, losing the Democratic primary election to Charlotte Pritt. He was elected Secretary of State of West Virginia in 2000.
Joe Manchin Net Worth
Joe Manchin net worth 2023 is $6 million. West Virginia has become a state that primarily elects Republicans, but Manchin has continued to see electoral success. He won the 2004 gubernatorial election by a large margin and was reelected by an even larger margin in 2008; in both years, Republican presidential candidates won West Virginia.
Manchin won the 2010 special election to fill the Senate seat vacated by incumbent Democrat Robert Byrd’s death with 54% of the vote. He was elected to a full term in 2012 with 61% of the vote and reelected in 2018 with just under 50% of the vote. He became the state’s senior U.S. Senator when Jay Rockefeller retired in 2015.
Joe Manchin Net Worth
As of 2021, Manchin is the only Democrat holding statewide office in West Virginia, as well as the only Democrat in West Virginia’s congressional delegation. After the 2020 elections, he became a swing vote in a 50-50 Democratic-controlled Senate. The Democratic Party’s marginal majority in the 117th Congress has made Manchin one of its most influential members.
On February 2, 2021, Manchin announced his opposition to an increase from $7.25 to $15 per hour in the federal minimum wage, but said he was open to a smaller increase, perhaps to $11.
Along with seven other Democrats, Manchin opposed a $15 minimum wage proposal by Bernie Sanders as part of the American Rescue Plan Act of 2021 and forced Democrats to limit extended unemployment benefits in the same bill
Joe Manchin net worth is $6 million
In 1988, Manchin founded Enersystems, a waste coal brokerage company based in Fairmont, West Virginia.
Manchin was president of Enersystems until 2000, when he entered politics and gave control of the company’s daily operations to his son, Joe Manchin IV.
At some point during his tenure as governor, Manchin moved his Enersystems holdings into a blind trust.
In a financial disclosure from 2020, Manchin reported that his non-public shares of Enersystems were worth between $1 million and $5 million and that between 2011 and 2020 he was paid $5,211,154 in dividend income from them.
In 2020, he received over $500,000 in dividends. Enersystems is 71% of Manchin’s investment income and 30% of his net worth.
Personal life
Manchin is a member of the National Rifle Association and a licensed pilot. On August 5, 1967, he married Gayle Heather Conelly. Together they have three children: Heather Manchin Bresch (who was chief executive officer (CEO) of Netherlands-based pharmaceutical company Mylan), Joseph IV, and Brooke.
Manchin is a member of the National Rifle Association and a licensed pilot. He married Gayle Heather Conelly on August 5, 1967.
Together they have three children: Heather Manchin Bresch (who was chief executive officer (CEO) of Netherlands-based pharmaceutical company Mylan), Joseph IV, and Brooke.
He is Catholic
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Manchin is often considered a moderate, or even conservative, Democrat. He has called himself a “centrist, moderate conservative Democrat” and “fiscally responsible and socially compassionate.” CBS News has called him “a rifle-brandishing moderate” who is “about as centrist as a senator can get
Joseph Manchin net worth summary
Since his election to the U.S. Senate in 2010, Manchin has listed AA Properties as a non-public asset on his annual financial disclosures. AA Property is reportedly 50% controlled by Manchin, and has, among other things, been an investor in Emerald Coast Realty, which owns a La Quinta hotel in Elkview, West Virginia.
After the 2020 elections, Manchin became the “most important swing vote” in the Senate, which is split 50–50 between Democrats and Republicans, but controlled by Democrats because Vice President
Kamala Harris is the tiebreaker. Since passing legislation with only Democratic support requires Manchin’s vote, he wields a large influence in the 117th Congress.
Source: Glusea.com
